Coinage of Gold and Silver: February 21, 1891-Indefinitely Postponed; February 23, 1891-Committed to the Committee of the Whole House on the State 9781397334824

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Автор: Congress United States
Название: Coinage of Gold and Silver: February 21, 1891-Indefinitely Postponed; February 23, 1891-Committed to the Committee of the Whole House on the State
ISBN: 9781397334824
Издательство: Forgotten Books
Классификация: ISBN-10: 1397334827
Обложка/Формат: Paperback
Страницы: 162
Вес: 0.23 кг.
Дата издания: 16.02.2019
Язык: English
Размер: 22.91 x 15.19 x 0.89 cm
Поставляется из: США
Описание: Excerpt from Coinage of Gold and Silver: February 21, 1891-Indefinitely Postponed; February 23, 1891-Committed to the Committee of the Whole House on the State of the Union and Ordered to Be Printed

The Secretary of the Treasury in his report for 1889 states that the surplus of silver in the world, above the amount used in the arts and coinage in all other countries than the United States was, for 1888, fine ounces. According to statement of Director of the Mint Leech the surplus in 1889, assuming that the coinage and use in the arts was no greater than in 1888, was ounces. We are persuaded that the amount used in the arts and in coinage outside of the United States exceeded that of 1888 to such an amount that the surplus was less than ounces. If these estimates are correct, under the present law there is provision for using the worlds surplus, which is all that unlimited coinage could accomplish.

The American product in 1888, as stated by the Secretary, was ounces. For 1889, according the report of the Director of the Mint, the American output was ounces.

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Coinage of Gold and Silver: February 21, 1891-Indefinitely Postponed; February 23, 1891-Committed to the Committee of the Whole House on the State, Congress United States